THE BIDVEST GROUP LIMITED - Results of Annual General Meeting and change to the Board of Directors

Results of Annual General Meeting and change to the Board of Directors

The Bidvest Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1946/021180/06)
Share code: BVT
ISIN ZAE000117321
("Bidvest" or "the Company")


RESULTS OF ANNUAL GENERAL MEETING AND CHANGE TO THE BOARD OF DIRECTORS

At the annual general meeting of the shareholders of Bidvest held on Monday, November 26, 2012
("the annual general meeting") the ordinary and special resolutions proposed at the meeting were
approved by the requisite majority of votes, with the exception of special resolution number 4
adoption of the new Memorandum of Incorporation (“MOI’). In terms of Section 64 (10) and (11) of
the Companies Act 71 of 2008 as amended, the meeting has been adjourned, until Tuesday,
December 4 2012 at 08H30 to be held in the boardroom at Bidvest House, 18 Crescent Drive,
Melrose Arch, Johannesburg. The meeting has been adjourned in order to modify the resolution and
amend the entire Clause 39.3 of the MOI to take into account the requirement for rotation of
executive directors.

Messrs FJ Barnes, LI Jacobs, JL Pamensky and AC Salomon did not make themselves available for re-
election at the AGM and have therefore retired from the board of Bidvest.

Mr P Nyman has also retired from the board of Bidvest. Messrs MBN Dube and RM Kunene have
resigned from the board with immediate effect.



November 26, 2012
Sponsor: Investec Bank Limited

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